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Stock·NASDAQ·Technology

First Solar Inc. (FSLR)

$172.64 -6.170 (-3.45%)
At close: Oct 16, 4:00 PM EDT
Hold
48 / 100
CleaRank AI scorei
Market cap
$18.55B
P/E
10.64
Dividend yield
0.00%
Street target
$271.00median of 36 analysts
52-week range
$168.60 $320.95
01

The short version

Where FSLR stands today, in four lines, and what CleaRank Financial AI makes of it.

FSLR at a glance

First Solar Inc. (FSLR): Hold, 48/100 on CleaRank's AI score.

  • Trend Down: the price is below both its 50- and 200-day moving averages ($199.61 and $219.83).
  • Earnings FSLR beat estimates in 2 of its last 3 quarters, and the stock rose the next day every time.
  • Insiders Insiders sold $53.3M and made no open-market purchases over the last 18 months.
  • Valuation P/E of 10.6 against 35.1 for the Technology sector: a discount to peers (-70%).

Figures as of October 17, 2026.

CleaRank Financial AI

First Solar Inc. (FSLR) carries a Hold rating from CleaRank, with a model score of 48/100.

Valuation adds the most to that score. The P/E of 10.64 is 69.7% below the sector median P/E, a discount to peers, and the P/S of 3.45 is 54.6% below the sector median P/S. The trend drags the score down the most, since the price sits 21.47% below its 200-day average and 13.51% below its 50-day average, and the 50-day average is 9.20% below the 200-day. The two averages stand at $199.61 and $219.83, and over the past year the price has fallen 27.40%.

Only on CleaRank

Figures we compute ourselves from FSLR's own price, earnings and insider-filing history. Tap one to see it in context.

02

Price and trading

The chart, today's range and how far the price has moved over each period.

2.0

Trend checks

0/4
  • Price above its 50-day average ›
    The price of $172.64 is 13.5% below the 50-day simple moving average of $199.61.
  • Price above its 200-day average ›
    The price is 21.5% below the 200-day simple moving average of $219.83.
  • 50-day average above the 200-day ›
    The 50-day average ($199.61) is 9.2% below the 200-day average ($219.83), the arrangement of a falling longer-term trend.
  • In the upper half of its 52-week range ›
    The price sits at 3% of its 52-week range, between $168.60 and $320.95.

FSLR share price

Pick a period: each tab shows how far FSLR has moved over it, to the last close.

Nov '25Jan '26Mar '26Jun '26Aug '26Oct '26
Start $237.79 Oct 16, 2025
Latest close $172.64 Oct 16, 2026
High $318.25 Jun 3, 2026
Low $172.11 Oct 1, 2026

Today's trading

Where FSLR sits inside today's range and its 52-week range.

Day range 5.92% wide
$172.64
$172.53 $182.74
52-week range 3% of the way up
$172.64
$168.60 $320.95
Open
$178.21
Previous close
$178.81
Volume
2.34M
16% above average
Market cap
$18.55B
03

Fundamentals

Valuation against the sector, and the revenue and earnings behind it.

3.0

Valuation and quality checks

4/4
  • P/E below the sector median ›
    The trailing P/E of 10.64 is 69.7% below the Technology median of 35.1.
  • P/S below the sector median ›
    The price-to-sales ratio of 3.45 is 54.6% below the sector median of 7.6.
  • Profitable over the last 12 months ›
    Net income over the last 12 months was $1.7B on revenue of $5.4B, a net margin of 32.5%.
  • Beat estimates in most recent reports ›
    FSLR beat the EPS estimate in 2 of its last 3 reports.

Key statistics

The headline figures for FSLR.

Market Cap
18.55B
P/E Ratio
10.64
EPS (TTM)
16.22
Dividend Yield
0.00%
52 Week High
320.95
52 Week Low
168.60

As of October 17, 2026, FSLR trades at $172.64, with a market value of $18.55B and a P/E ratio of 10.64.

What the numbers say

CleaRank Financial AI's reading of FSLR's valuation, growth and risks.

Valuation

First Solar Inc. (FSLR) trades at a P/E of 10.64, which is 69.7% below the 35.1 median for Technology stocks, so the P/E is a discount to peers. Measured on sales, the P/S of 3.45 is 54.6% below the sector median of 7.6. For scale, the company has a market value of $18.6B and trailing earnings of $16.22 per share.

In the latest year revenue fell 3.70%, 27.9 percentage points slower than the sector median of 24.2%. Margins stand at a net margin of 32.47% and an operating margin of 42.64%. It generates a return on equity of 18.51%, above the sector median of 13.4%. Debt-to-equity of 0.02 rounds out the fundamentals.

Earnings & Growth

First Solar Inc. (FSLR) beat expectations in its July 30, 2026 report by 36.11%, posting EPS of $3.92 against the $2.88 analysts had forecast. In the first session after the report, the share price climbed 2.44%.

Over its last 3 reports, FSLR topped the estimate 2 times, and the stock rose in the first session after each of those beats. Earlier, the stock rose 14.28% after the October 30, 2025 report, a miss of 1.17%. The consensus EPS estimate stands at $17.46 for this fiscal year and $23.13 for next, growth of 22.9% for the current year.

Key risks

The 30-day standard deviation of FSLR's daily returns is 3.31%. The downtrend is itself a risk for as long as the price stays under both moving averages. The price is 46.21% below its 52-week high of $320.95. Over the last 18 months, insider sales totalled $53.3M with no open-market purchases; planned sales and tax sales on vesting shares make selling a weaker signal than buying.

FSLR against the Technology sector

How FSLR compares with the median Technology stock CleaRank tracks.

P/E ratio 70% below the median
FSLR
10.6x
Sector median
35.1x
P/S ratio 55% below the median
FSLR
3.4x
Sector median
7.6x
Revenue growth, year on year 27.9 points below the median
FSLR
-3.7%
Sector median
24.2%
Return on equity 5.1 points above the median
FSLR
18.5%
Sector median
13.4%

Price to earnings vs sector: FSLR trades at a notable discount to sector peers (-70%), which may indicate undervaluation or specific company headwinds.

Return vs XLK: Since May 6, 2025, FSLR has gained 36.2% against a gain of 71.7% for XLK.

Performance against XLK

FSLR and the Technology sector fund over the same days.

Jun '25Sep '25Dec '25Apr '26Jul '26Oct '26
FSLR XLK

Revenue and earnings

How much FSLR sells, and how much of it becomes profit.

Revenue, 12 months
$5.4B
Net income, 12 months
$1.7B
Net margin
32.5%
Revenue growth
-3.7%
latest quarter, year on year
FY202116% marginFY2022-2% marginFY202325% marginFY202431% marginFY202529% margin
Revenue Net income

Revenue growth: Revenue grew 24.1% in FY2025 to $5.2B, from $4.2B a year earlier.

Profit margin: The net margin was 29.3% in FY2025, down from 30.7% the year before.

Profitable: FSLR earned $1.5B in FY2025.

Earnings reality check

Did FSLR beat what analysts expected, and how did the stock react?

Beat the estimate
2 of 3
last 3 reports
Fell after a beat
0 of 2
first session after the report
Average surprise
+14.6%
actual EPS against the estimate
Avg. first-session move
+7.2%
the stock, after the report
EPS surprise
First-session move
Oct '25Apr '26Jul '26

Earnings record: FSLR beat the analyst estimate in 2 of the last 3 quarters.

Market reaction: The stock rose in the first session after every beat.

FSLR earnings surprises and the stock's reaction
Report Estimate Actual Surprise First session 5 sessions
Jul 30, 2026after close $2.88 $3.92 +36.11% +2.44% +18.51%
Apr 30, 2026after close $2.96 $3.22 +8.78% +4.86% +6.28%
Oct 30, 2025after close $4.29 $4.24 -1.17% +14.28% +16.44%

As of October 17, 2026, FSLR has beaten the analyst EPS estimate in 2 of its last 3 reported quarters and rose in the first trading session after every one of those beats; its latest report, on July 30, 2026, came in 36.11% above the estimate and the stock moved +2.44% in the first session.

The first session is the first full trading day on the news: the report day itself for a report before the open, the next day for one after the close. Surprise is actual EPS against the consensus estimate.

04

AI analysis and technicals

CleaRank's score and reasoning, the indicators behind it, and what the price moves with.

4.0

Momentum checks

1/3
  • RSI not overbought or oversold ›
    The 14-day RSI is 38.1, showing bearish momentum without being oversold.
  • RSI above 50 ›
    An RSI of 38.1 is below the 50 midpoint, so sellers have had the upper hand over the last 14 days.
  • MACD line above zero ›
    The MACD line is negative, so the 12-day average is below the 26-day average.

CleaRank AI analysis of FSLR

The score, the reasoning behind it, and what could move the price next.

Company's health
4/5
12-month analyst target
$271.00
+56.97% above price · median of 36 analysts
AI analyst consensus
48/100
Hold
What the AI sees

Both the 50-day and 200-day averages now sit above First Solar Inc. (FSLR), which is the layout of a downtrend. The price of $172.64 is 13.51% below its 50-day average of $199.61 and 21.47% below its 200-day average of $219.83. Sitting at 3% of its 52-week range, the stock is 2.40% above the 52-week low of $168.60.

On momentum, the 14-day RSI reads 38.1, in the bearish zone, above the oversold line, with the MACD line negative. Every period on the chart shows a loss, with the price down 18.56% over the past three months, 9.35% over the past six months and 27.40% over the past year.

Catalysts
Rewards
  • Earnings beat ›

    The July 30, 2026 report beat the EPS estimate by 36.11%, and the share price rose 2.44% in the first session after it.

    Source: Earnings report, July 30, 2026
  • Analyst upgrade ›

    Truist Securities upgraded it to Buy from Hold on October 12, 2026.

    Source: Analyst action, Truist Securities, October 12, 2026
  • Analyst upgrade ›

    Keybanc upgraded it to Sector Weight from Underweight on September 28, 2026.

    Source: Analyst action, Keybanc, September 28, 2026
Risks

No risks flagged.

ProTips
  1. Two levels matter most right now: the 20-day EMA at $182.54, just above the price, and the 52-week low at $168.60, just below it.
  2. The 14-day RSI is 38.1, within the bearish zone, and the MACD line is negative. Readings above 70 or below 30 would signal stretched momentum.
  3. After the July 30, 2026 report the share price rose 2.44% in the first session; FSLR beat estimates in 2 of the last 3 reports.
Market outlook

FSLR remains in a downtrend while it trades under both its 50-day average of $199.61 and its 200-day average of $219.83. A close back above the 50-day average would be the first sign of a repair. Overhead, the 20-day EMA at $182.54 is the first level the price would need to clear.

First Solar Inc. (FSLR) has the 52-week low at $168.60 as the next level below the price. The RSI is in the bearish zone, which makes a quick recovery less likely.

Technical indicators

Momentum and trend for FSLR, from its daily closes.

Technical rating Bearish 0 of 4 signals bullish
  • RSI Bearish
  • SMA cross Bearish
  • Price vs SMA Bearish
  • MACD Bearish
Momentum Bearish
38.114-day RSI
Oversold <30 Neutral Overbought >70
MACD (12, 26) -5.99 Bearish
Trend Death cross
-13.5%price against the 50-day average
200-day $219.83 50-day $199.61 Price $172.64
Price against the 200-day -21.5% Bearish

As of October 17, 2026, with FSLR at $172.64, its 14-day RSI is 38.1 (showing bearish momentum without being oversold), its 50-day simple moving average is $199.61 and its 200-day is $219.83.

Calculated by CleaRank on daily closes as of October 17, 2026: Wilder's 14-day RSI, 50- and 200-day simple moving averages, MACD line (12, 26).

What FSLR moves with

Correlation of daily returns over one year: +1 moves in step, 0 has no link, -1 moves the opposite way.

-1 0 +1
S&P 500 (SPY) +0.34 Weak
Nasdaq 100 (QQQ) +0.37 Weak
Bitcoin (BTC) +0.13 Weak
Gold (XAU) +0.13 Weak

As of October 17, 2026, FSLR's 1-year correlation of daily returns is +0.34 with S&P 500 (SPY), +0.37 with Nasdaq 100 (QQQ), +0.13 with Bitcoin (BTC) and +0.13 with gold (XAU).

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05

What Wall Street expects

The analysts' target range and how their ratings split.

5.0

Analysts checks

3/3
  • Most analysts rate it a buy ›
    26 of 36 analysts rate it a buy or strong buy, 9 a hold and 1 a sell.
  • Median target above the price ›
    The median 12-month target of $271.00 is 57.0% above the price.
  • More buy ratings than three months ago ›
    26 of 36 rate it a buy now, against 22 of 36 three months ago.

FSLR Wall Street View

12-month price targets

Low $197.00 Median $271.00 (+57.0%) High $402.00

The price, $172.64, sits below every analyst's target.

Ratings

Buy 26 Hold 9 Sell 1 3 months ago: 22 of 36 buy

Recent rating actions

Recent analyst rating actions on FSLR
Date Firm Action Rating
Oct 12, 2026 Truist Securities Upgrade Buy
Oct 8, 2026 Goldman Sachs Maintains Buy
Sep 30, 2026 Piper Sandler Maintains Overweight
Sep 28, 2026 Keybanc Upgrade Sector Weight
Sep 22, 2026 GLJ Research Maintains Buy
Sep 9, 2026 Piper Sandler Initiates Overweight

As of October 17, 2026, 36 Wall Street analysts cover FSLR: 26 rate it a buy or strong buy, 9 a hold and 1 a sell or strong sell. Their 12-month price targets range from $197.00 to $402.00, with a median of $271.00, 57.0% above the price of $172.64.

Source: TwelveData analyst consensus. Targets and ratings belong to the analysts, not to CleaRank.

06

A trade plan, if you want one

Entry, stop and target levels from the moving averages and recent volatility. Educational, not advice.

FSLR trade plan

Entry, stop and target levels, sized to your account. Change the bias or the risk and every level updates.

Your bias
Risk per trade 2%
Conservative Aggressive
Portfolio value
$
Position size: Enter portfolio size →

Entry Strategies pick an entry style

Conservative
$170.91
Slight discount to current
Wait for small dip
Aggressive
$172.64
At current price
Enter now if confident

Risk management

Stop loss
$155.74
Max loss
-8.9%
Volatility-adjusted stop Set from the RSI (38.1) and recent volatility.

Profit targets (Based on Conservative Entry)

Target 1
$176.04
+3% (Conservative) +2.0% (Aggressive)
Target 2
$179.46
+5% (Conservative) +4.0% (Aggressive)
Target 3
$184.59
+8% (Conservative) +6.9% (Aggressive)

FSLR moves about 3.3% a day on average, so a stop can fill well past its level. Educational levels, not financial advice; the full disclaimer is at the foot of the page.

Risk profile

How much FSLR tends to move, against the market and on its own.

Daily volatility
3.31%
30-day standard deviation
52-week range
$172.64
$168.60 3% of the way up $320.95

Compare FSLR

Put FSLR side by side with other stocks and benchmarks.

07

The long record

FSLR's worst falls and recoveries, what $10,000 became, and which months have been kind to it.

7.0

Track record checks

3/4
  • Average daily move under 2% ›
    The price has moved 3.31% on an average day (30-day standard deviation of daily returns).
  • Recovered from its worst fall ›
    The worst fall was 60.0%, from June 2024 to April 2025, regained by May 2026.
  • Most 1-year holds ended higher ›
    68% of 1-year holding periods in the last 10 years ended with a gain.
  • Beat the S&P 500 since the chart begins ›
    $10,000 invested in October 2016 is now worth $43,929, against $42,055 in the S&P 500 (SPY).

FSLR Drawdowns & Recovery

Worst fall, last 10 years
-60.0%
June 2024 to April 2025
Recovery
13 months
back at the old peak by May 2026
From the 10-year high
-45.8%
highest close, June 2026
1-year holds that gained
68%
of every 1-year window

As of October 17, 2026, FSLR's worst peak-to-trough fall over the last 10 years with dividends reinvested was -60.0% (June 2024 to April 2025); it regained that peak by May 2026, 13 months after the low, and 68% of 1-year holding periods ended with a gain.

From weekly closing values with dividends reinvested. A drawdown is the fall from the highest value reached so far to a later low.

Growth of $10,000

What $10,000 put into FSLR in October 2016 is worth now, against the same amount in the S&P 500.

FSLR today
$43,929
from $10,000 in October 2016, dividends reinvested
S&P 500 today
$42,055
the same $10,000 in SPY
Ahead of the index by
$1,873.96
1.0x the index result
Total change
+339%
4.4x the starting amount
20182020202220242026
FSLR S&P 500 (SPY)

Against the market: FSLR beat the S&P 500 over this period: $43,929 against $42,055.

A $10,000 investment in FSLR in October 2016 would be worth about $43,929 today with dividends reinvested, compared with about $42,055 for the same investment in the S&P 500 benchmark (also with dividends reinvested).

Seasonal patterns

Which calendar months have been kind to FSLR, and which have not.

Jan4/10 upFeb4/10 upMar4/10 upApr5/10 upMay5/10 upJun5/10 upJul7/10 upAug6/10 upSep4/10 upOct5/9 upNov6/10 upDec6/10 up

Strongest month, May: an average of +15.41%, up in 5 of 10 years.

Weakest month, February: an average of -3.21%, up in 4 of 10 years.

This month, October: has averaged +4.54%, up in 5 of 9 years. Past seasonality does not repeat on schedule.

Over the last 10 years, FSLR's strongest calendar month has been May (average +15.41%, up in 5 of 10 years) and its weakest February (average -3.21%, up in 4 of 10 years).

Average return for each calendar month over the last 10 years, from weekly closing prices with dividends included.

08

Long-term scenarios

Thousands of simulated paths from the price history. A range of outcomes, not a forecast.

Monte Carlo projection

Thousands of simulated paths for $10,000 in FSLR, from its own past volatility. The shaded area holds 80% of them.

Downside, 2036
$3,254
10th percentile
Base case, 2036
$24,684
median path
Upside, 2036
$187,270
90th percentile
202620282030203220342036
Upside (90th) Base case (median) Downside (10th) 10th to 90th percentile

CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in FSLR today could grow to about $24,684 by 2036 in the base case, with a 90th-percentile outcome near $187,270 and a 10th-percentile outcome around $3,254. Projections are statistical simulations, not guarantees.

FSLR Stock Price Prediction: 2030

The same simulation in share prices, year by year.

Price today
$173
Base case, 2030
$248
1.4x over 4 years
Range, 2030
$68.79 to $893
10th to 90th percentile

CleaRank's simulation projects a price near $248 for FSLR by 2030 in the base case, from $173 today (1.4x over 4 years). The 10th-percentile path ends near $68.79. These are outcomes of a Monte Carlo simulation run on FSLR's historical return distribution, not price targets, and they assume no dividends are reinvested.

FSLR simulated price paths by year
Year 10th percentile Base case 90th percentile range base today
2027 $99.56 $189 $359
2028 $83.57 $207 $512
2029 $74.62 $226 $687
2030 $68.79 $248 $893
2031 $64.72 $271 $1,137

Method: a lognormal simulation of FSLR's own volatility and capped historical trend, re-run daily; base case is the median path, the outer columns the 10th and 90th percentiles. FSLR is highly volatile, so its upside column reaches an extreme multiple; treat it as a statistical tail, not an expectation.

09

Insider trading

What the people running the company have bought and sold.

FSLR insider trading

Shares the company's directors and officers bought and sold, from their own filings.

Bought
None
no open-market buys
Sold
$53.3M
78 open-market sales
Insiders filing
21
over the last 18 months
Average trade
$683K
buys and sales together

Month by month

Open-market purchases above the line, sales below.

May '25Aug '25Nov '25Feb '26May '26Aug '26Oct '26

Insider buying: No insider bought FSLR shares on the open market in the last 18 months. Sales are often planned in advance or cover tax on vesting shares, so they say less than purchases would.

As of October 17, 2026, FSLR insiders reported 78 open-market sales worth $53.3M and no open-market purchases over the last 18 months; grants and option exercises are not counted.

Insider transactions in FSLR
Date Insider Type Shares Value
Sep 30, 2026
Curtis A Morgan
Director
Grant 300 -
Sep 30, 2026
William J. Post
Director
Grant 300 -
Sep 30, 2026
Paul H Stebbins
Director
Grant 300 -
Sep 1, 2026
Markus Gloeckler
Chief Technology Officer
Sell 800 $160.0K
Sep 1, 2026
Samantha L. Sloan
Officer
Grant 469 -
Aug 17, 2026
Samantha L. Sloan
Officer
Sell 127 $28.3K
Aug 14, 2026
Samantha L. Sloan
Officer
Grant 437 -
Aug 11, 2026
Jason E Dymbort
General Counsel
Sell 3.7K $922.7K
Aug 4, 2026
Markus Gloeckler
Chief Technology Officer
Sell 4.3K $955.5K
Aug 4, 2026
Michael J Ahearn
Director
Grant 44.6K -
Page 1 of 12

Source: TwelveData, from SEC Form 4 filings

10

Questions people ask

Answered from the figures on this page, as of October 17, 2026.

Frequently Asked Questions

Is First Solar Inc. (FSLR) a buy right now?
CleaRank rates FSLR Hold, on a model score of 48/100. The biggest support is valuation: the P/E of 10.64 is 69.7% below the sector median (a discount to peers) and the P/S of 3.45 is 54.6% below the sector median. Against that, the trend weighs on the score, as the price is 21.47% below its 200-day average and 13.51% below its 50-day average, and the 50-day average is 9.20% below the 200-day. This describes the data on this page and is not a personal recommendation.
How has First Solar Inc. (FSLR) performed over the past year?
Over the past year the price fell 27.40%. Over shorter periods it fell 18.56% in three months and fell 9.65% in the past month. It now trades 46.21% below its 52-week high of $320.95.
What are the key price levels for FSLR?
The nearest levels above the price are the 20-day EMA at $182.54 and the 50-day SMA at $199.61. The nearest level below is the 52-week low at $168.60.
Is FSLR expensive compared with Technology stocks?
FSLR's trailing P/E of 10.64 is 69.7% below the Technology sector median of 35.1, a gap the peer comparison on this page labels a discount to peers. The price-to-sales ratio of 3.45 is 54.6% below the sector median of 7.6. Those medians are drawn from 111 stocks across the entire sector, not just direct rivals.
What do Wall Street analysts think of FSLR?
Analysts covering FSLR number 36 in total. Of those, 26 rate the stock a buy, 9 a hold and 1 a sell. The median 12-month price target is $271.00, which sits 57.0% above the current price.
How often has FSLR beaten earnings estimates?
FSLR beat the EPS estimate in 2 of the last 3 reports in our data. The share price fell in the first session after 0 of those 2 beats.
How volatile is FSLR?
On an average day FSLR's price moves 3.31%, based on the 30-day standard deviation of daily returns.
Are FSLR insiders buying or selling?
Insiders sold $53.3M of stock over the last 18 months and bought none on the open market. Because sales are often planned ahead or made to cover tax on vesting shares, they tell an investor less than purchases would.
What is the 52-week range of FSLR?
Over the past 52 weeks FSLR has traded in a range from $168.60 to $320.95. At $172.64, the stock sits at 3% of that range, 2.40% above the low and 46.21% below the high.
Is FSLR in an uptrend?
No. First Solar Inc. (FSLR) trades at $172.64, below both its 50- and 200-day moving averages ($199.61 and $219.83). Its 14-day RSI on daily closes is 38.1, showing bearish momentum without being oversold.

Disclaimer: CleaRank.com is a financial data and analytics provider, not a registered investment advisor, broker-dealer, or financial regulatory body. The stock analysis, trade plans, and AI-generated signals presented for FSLR are for educational and informational purposes only and do not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All trade setups and performance metrics shown are hypothetical, hindsight-based, and simulated. They do not represent actual trades made by CleaRank or its affiliates. Stock prices can be volatile and are subject to market, economic, and company-specific risks. Market data is provided "as-is" and may be delayed by 15 minutes or more. We do not guarantee the accuracy, completeness, or timeliness of any data. You should never invest money you cannot afford to lose. Past performance does not guarantee future results. Consult a qualified financial advisor before making any investment decisions. Analysis generated on October 17, 2026.

Disclaimer:

Engaging in financial markets carries significant risk of total capital loss. Markets are volatile, unpredictable, and past success does not guarantee future results. Never invest funds you cannot afford to lose. CleaRank does not offer financial, investment, or advisory services. We provide no recommendations, endorsements, or guarantees regarding market outcomes. You alone are responsible for your decisions.

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